1239 Kenric Rd - Self-Storage Facilities FOR SALE


Lumberton, NC 28360
$1,015,000 USD
813-995-6528
1239 Kenric Rd, Lumberton, NC for Sale
$1,015,000 USD
Self-Storage Facilities - FOR SALE
1/9
null | 6.36% Cap Rate

1239 Kenric Rd
Lumberton, NC 28360


HIGHLIGHTS

  • Strong lease-up performance with 91% physical occupancy
  • 5.03-acre site allows for future expansion opportunities
  • Only one competing facility within a five-mile radius
  • Gated access, perimeter fencing, and surveillance in place
  • Located in the Fayetteville-Lumberton-Pinehurst CSA with 693K residents

OVERVIEW

- This cash-flowing self-storage facility in Lumberton, North Carolina features 95 non-climate-controlled units totaling 11,200 net rentable square feet, along with 23 outdoor parking rentals. - Since early 2025, the property has demonstrated strong occupancy trends and a successful lease-up, underscoring its operational momentum. - Situated on a spacious 5.03-acre parcel, the site offers ample room for future expansion, presenting a clear path for value-add potential. - Revenue growth opportunities include stabilizing economic occupancy, implementing existing customer rent increases, and enhancing ancillary income through fee optimization and tenant insurance sales. - The facility benefits from limited competition in the immediate trade area, with only one other storage provider within a five-mile radius. - Located approximately 30 miles south of Fayetteville, Lumberton anchors the Fayetteville-Lumberton-Pinehurst Combined Statistical Area—the fourth largest in North Carolina and home to nearly 700,000 residents—making this asset well-positioned within a growing regional market.

FOR SALE DETAILS

PRICE

$1,015,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

95 Storage and RV

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

5.03 AC

LAND SF

219,107 SF

ZONING

H1

APN/PARCEL ID

0204-01-00908

ASK ABOUT THIS PROPERTY

Josh SneadFranklin StreetMore Info
813-995-6528

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Josh SneadFranklin StreetMore Info
813-995-6528

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.